In markets characterized by oligopoly,
a. the oligopolists earn the highest profit when they cooperate and behave like a monopolist.
b. collusive agreements will always prevail.
c. collective profits are always lower with cartel arrangements than they are without cartel arrangements.
d. pursuit of self-interest by profit-maximizing firms always maximizes collective profits in the market.
a
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By increasing government spending
What will be an ideal response?
When the U.S. government launched a massive rescue plan in response to the 2008-2009 financial crisis, one of the main actions taken was to ________ because the desire was to lessen the severity of the recession by ________
A) increase the supply of loanable funds; limiting the decrease in investment B) decrease the supply of loanable funds; limiting the decrease in investment C) decrease the supply of loanable funds; encouraging decrease in investment D) increase the supply of loanable funds; encouraging decrease in investment E) increase the demand of loanable funds; encouraging decrease in investment